Keyu Chang 16078990 1.0 The American Dream: Is it alive or dead? 1.1 Introduction It is believed that America is the only country with great opportunities where any person can be successful through working hard. This is one believe that has given less privileged individuals lots of hope in the country…
Most people who were rendered jobless during recession had education levels of high schools and below. In fact, Georgetown University’s Center on Education (GUCE) had recently claimed that the employment trends for people with no college education were literally flat at the start of the recovery phase. This means that individuals who become jobless during the Great Recession were not in a position to get new jobs. The nature of job loss in the United States during recession was so uneven that it worsened the income inequality trends. In addition, it expanded the gap between wealthy class and the rest of the American population. In a recent statement by the Organization for Economic Cooperation and Development (OCED), they claimed that the income inequality structure in the United States was a threat to their long term socio-economic strength and development (David, 2012). OCED further argued that the education system in the country was not effective in assisting children to realize their full potential. This was so because the government’s expenditure directed to less fortunate students was quite minimal. The question people are asking is whether American dream is alive or dead? Based on this brief overview, this paper will focus on defending the position on whether dream to achieve a better success from old to near generation is realizable. Based on this view, a thoughtful and critical evaluation will be done on the impacts of socio-economic trends that the country has experienced in the pasts, particularly, on the economic well being of individuals and families in the United States (David, 2012). 1.2 Is American Dream to improve individuals and families economic well being still alive? In answering the above question, the study will examine range of data that address issues of wage, quality of life and community well-being. However, data that were released from various economic sources showed that things are not at all well meaning that serious challenges are affecting realization of improved living standards from one generation to the next (Lawrence, Jared and Heidi, 2009). 1.3 Thesis Statement With regards to the brief overview, thesis statement for this paper is: “The American Dream of each generation doing better than the previous generation is DEAD. The faults of capitalism, over consumption, adverse economic trends and government policies have contributed to the demise of the dream. The social contract between generations has been broken.” 1.3.1 Supporting the thesis Most data shows that the last decade was practically a lost decade. This is because there was widening of the gap of inequalities in wage and income among American households. Similarly, data shows over 25 year period of wage stagnation and slow growth rate in income that was experienced prior to the lost decade. In fact, the increasing inequalities on wealth, income and wage supported growth among the top class generations (Lawrence, Jared and Heidi, 2009). Research showed that these trends were partly fueled by policy response initiated by the federal government that was either wrong, absent or inadequate to address the real problem. 2.0 Defining Well Being No consensus has being reached on how “well being” concept can be defined. However, National Account of Well being (2009) defined it as “a dynamic process that gives people sense of how their lives are going, through the ...
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“American Dream Essay Example | Topics and Well Written Essays - 2750 Words”, n.d. https://studentshare.net/finance-accounting/94299-american-dream.
A cultural disparity in a collective effort for the progress of the country was a concern far reaching when it was founded in 1176 with a purpose of ensuring equality of opportunity of efforts and excellence to every individual irrespective of the nativity of their origin.
Hence, this implies America with its diverse resources normally avails adequate mechanisms meant for its people to progress. This is according to one’s innate abilities besides hard work; fueled by quest for happiness; for the people and their families.
Although the idea of the American dream has driven the ambitions of many Americans for a long time, the dream is far from being achieved and is fading slowly. The American dream was a representation of American hopes and aspirations.
It has been classified as the ideal goal by the media, president and influential personalities across the USA. But now days, American dream has become impossible to achieve. Currently, majority of the Americans believe that winning the American dream is lot more difficult than winning a lottery.
For purposes of analysis and comparison, the American Dream will be defined within this essay as the belief and understanding that anyone, regardless of national origin and/or economic means, has the innate potential to further their own ends and accrue a level of wealth to such a degree that they can own their own home and realize a level of economic independence.
Inexpensive land, better conditions, but most of all, for a new and better life was what led so many cultures to America.
But becoming rich and having land wasn't the only reason people flocked to America. Some cultures were giving up their places of origin for religious freedom.
The next change in the American dream was caused by industrial Revolution. It started at the end of the 19th and had a great historical influence till the WWI. At the beginning of the 20th century, American dream represented industrial acquisitions and own business.
In order to realize the American’s dream of success, wealth, and attributed fame, it has taken a lot of commitment and thrift for the Americans. Americans have focused on the formula of instant, albeit elusive, and gratification as a pathway towards achieving their dream. Although instant wealth and tremendous richness has not always been a constituent of the dream, the desire to achieve a social class and become eluded from the poor has always remained a controversy.
In an example, Thomas Jefferson made the independence declaration and he was an upper-class citizen in America (Horswell 34). Jefferson was after freedom, but the kind of freedom that he was after was for people like him not for
criticized by several authors who were of the opinion that American dream is merely a lust of having things and acquiring goods for ones satisfaction instead of giving and sharing, which is considered to be the universal phenomenon.
Hubert Selby is of the opinion that people
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